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PRESS RELEASE

M2M GROUP DEPLOYS A CLOUD BASED ELECTRONIC PAYMENT PLATFORM FOR FINTECHS IN AUSTRALIA

Casablanca/Australia, November 2019. The digital revolution is transforming the payment ecosystem. Non-banking institutions, such as Fintechs and neo-banks, are becoming new actors in the electronic payment value chain.

Within this context, M2M Group, editor and operator of universal electronic payment technologies for 30 years, launched its new cloud based platform dedicated to Fintechs. Three major actors in Australia are already using the platform as part of an innovative project, involving several players in the payment industry; through a complete and fully interoperable ecosystem.

Based on MX Payment™ system, the platform integrates the latest tokenization and open banking technologies and meets Fintechs’ needs looking for renewed electronic payment solutions under PaaS mode (Payment as a Service) mode. It offers, among other services, the possibility for individual and corporate customers to carry out and manage their card-based payment transactions including the onboarding of various e-wallets, namely Google Pay and ApplePay applications.

With this achievement, M2M Group confirms, once again, its agility in implementing innovative electronic payment programs!